Bitcoin (BTC) Short Squeeze Or Retest Of $6,000?

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/06/bitcoin-btc-short-squeeze-or-retest-of-6000/.

Bitcoin (BTC) Short Squeeze Or Retest Of $6,000?

Bitcoin (BTC) is currently trading around $6,400 and will now complete either of two most likely scenarios. Scenario A will be a Bitcoin (BTC) short squeeze as market makers force bears to cover their shorts resulting in the price surging past $7,200 in a matter of hours. Scenario B will be letting Bitcoin (BTC) retest $6,000 which will result in a natural inflow of buyers as demand level is reached. RSI level for Bitcoin (BTC) currently points to a reversal either way.

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